The judge of the Court of Chancery of Delaware will decide the dispute concerning the aborted takeover of Twitter by Elon Musk for 44 billion dollars – approximately 43 million euros. She announced that the appeal filed by the billionaire would be made public by Friday August 5, 2022, perhaps even this Thursday. Kathleen McCormick made her decision after Twitter accused the Tesla boss of wanting to release the 163-page document on Wednesday without giving him the opportunity to redact confidential company information.
Musk’s takeover of Twitter was suspended as of May 13
The social network received a copy of the appeal on July 29, and indicated that it benefited, according to the rules enacted by the Court, from five working days to redact the document. Elon Musk felt that three working days was sufficient. The billionaire had announced that he wanted to buy Twitter on April 25, 2022. On May 13, he suspended the operation, pending, he said, receiving new information from the social network about fake accounts.
Between Musk and Twitter, the debate about fake accounts
Elon Musk indeed estimates that 20% of the accounts of the micro-blogging networks are not animated by real users; Twitter rejects these accusations, quantifying the number of “bots” at 5%. The creator of SpaceX finally terminated the social network’s takeover agreement in early July 2022, accusing the group of having breached its contractual obligations by providing in particular erroneous or incomplete data on the number of fake accounts.